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25 Applying the same reasoning, the Third Men's Vibram FiveFingers KSO Grey-Yellow Shoes determined that Congress included the indubitable equivalent prong in the cramdown provisions to allow debtors to develop other methods of conducting asset sales, so long as the secured creditor's interests could be protected in such sales.26 Having held the plain meaning of §1129(b)(2) to be unambiguous, Men's Vibram FiveFingers KSO Trek Shoes Third Circuit addressed and dismissed the lenders' argument that the court should review legislative history to further evaluate congressional intent in passing the statute.27 The Men's Vibram FiveFingers KSO TrekSport in Grey and Red also disposed of the lenders' arguments that the denial of a lender's right to credit-bid conflicted with congressional intent as expressed through the interplay Men's Vibram FiveFingers KSO TrekSport in Grey and Yellow the §1111(b) election for nonrecourse creditors, the credit-bid rights of secured creditors under §363(k), and §1129.

Par squirrel235 le samedi 16 avril 2011

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